This property looks like a bad Long-Term investment with a projected -23.09% first-year return on $184k initial cash invested.
-23.09%
Cash On Cash
1.81%
Cap Rate
0.28
DSCR
$2,765
Rent
-$3,537
Cashflow
Cash Flow
$2,765 income − $6,302 expenses = $3,537 out of pocket
Investment Breakdown
|
Purchase Price
$876k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$184k
Downpayment
20%
$175k
Closing costs
1%
$8,755
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,765
Total Expenses
$6,302
Mortgage P&I
171%
$4,719
Property Taxes
20%
$550
Home Insurance
11%
$315
HOA
0%
$0
Property Management
10%
$276
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0